Ifeanyi IbeStudents and management of tertiary institutions in Nigeria have been urged to embrace the e-Naira for payment of school fees and salaries.
The Central Bank of Nigeria on Thursday made the call through Assistant Director, Ekiti branch, Mr Ayodeji Adeboye.
Adeboye said the e-Naira remained a “viable alternative platform to physical cash transaction and should be utilised by all Nigerians for hitch-free and cost-effective transactions.”
He spoke during a sensitization drive on e-Naira wallet by CBN at Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti.
He noted that the sensitisation exercise targeted students and other stakeholders on the need to embrace the platform.
“Every financial transaction such as payment of school fees by students, payment of staff salaries and buying and selling within the school community can be done seamlessly through the e-Naira wallet.
“The time has come for all Nigerians to key into the e-Naira wallet because of its numerous advantages. Other countries have gone beyond cash payment and are now using electronic payments,” Adeboye said.
Speaking, CBN’s e-Naira Consultant, Izuchukwu Nwankpa, said that “e-Naira offers financial inclusion and helps tackle corruption and money laundering as well as improve the efficiency of the financial system.
Nwankpa encouraged the university community and other stakeholders to embrace the alternative platform.
He assured that the e-naira “is cost effective, safe, secure, user-friendly and effective.”
The Deputy Vice Chancellor, BOUESTI, Dr Veronica Makinde, commended the CBN for the initiative and assured that the institution will support and promote the payment alternative.
According to her, “We will be ready to key into the e-Naira initiative as it will assist in saving our students the risk of carrying cash and help reduce students’ complaints of bank bottlenecks, theft and loss of tuition and other sundry fees.”
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